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UFun Club, what is it all about? Legit investment?
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yokoloco
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 Aug 2 2014, 11:53 PM
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My friend was also approached by this UFUN club. Apparently they have their own crypto currency like bitcoin called Utoken. From what I can comprehend is that you join UFUN by choosing one of the memberships starting from 500usd and they give you 400Utokens. And after awhile, when more new members or demand for the utoken increases. the company will have a floor price and ceiling price for the market value of the Utokens and will "split" once it hits the ceiling price. I think a split is something like they issue more utoken to devalue it back to the floor price. Once this happens, your tokens in hand will double. Hence you gain the profit. Other than thay , you can use the tokens to buy stuff off their UFUN club market/app I am doubtful with this UFUN Club but I was hoping to see if lyn has more information on this. This is where I read about how they work http://idamandyna-ufun.blogspot.com/2014/0...kens_2.html?m=1 |
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yokoloco
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Sep 27 2014, 11:06 AM
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still doesn't sound like a long term investment. The way it sounds seems like a get in, get out and hope you cover back your cost with some profit.
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yokoloco
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Oct 9 2014, 02:47 AM
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QUOTE(villa07 @ Oct 8 2014, 09:40 AM) okay, if this wasn't a scam please tell me why one of those 3 banks' website can't be opened? try http://www.udbpbank.com/that's either a very job to make a bank website or the bank is a pretty sh*tty bank. |
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yokoloco
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Dec 19 2014, 11:58 AM
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QUOTE(g-mey @ Dec 19 2014, 10:56 AM)  finally. some proper proof to clear up this Bina Puri and UFUN/UTOKEN thing |
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yokoloco
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Dec 22 2014, 08:43 PM
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QUOTE(drfeelgood @ Dec 22 2014, 08:36 PM) So is ufun blacklisted by bnm? How can we check on this ? Does bnm provide a list of known scams?  QUOTE(mynnDAWG @ Aug 16 2014, 02:52 AM) http://www.bnm.gov.my/documents/2014/20140725_FCA_EN.pdfCongrats...it's in BNM list now...good luck to "investors" |
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yokoloco
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Apr 10 2015, 03:29 PM
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QUOTE(kreak17 @ Apr 10 2015, 12:45 PM) Crackdown of UFUN in Thailand has begun today. Stay tuned............. please update as soon as you have news |
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yokoloco
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Apr 16 2015, 12:59 PM
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QUOTE(Le Don @ Apr 16 2015, 11:27 AM) good good. i found this on the site as well QUOTE The Criminal Court on Sunday rejected bail for four executives of UFun Store Co Ltd, which allegedly operated a pyramid scheme of the same name that involved about 100,000 people and 20 billion baht in possible damages...
...It also agreed with police that the defendants could flee and that the case concerned a large number of people and a huge amount of money.
...UFun was granted permission under the Direct Sales and Marketing Act to sell herbal drinks, fruit drinks and cosmetics on May 25 last year but police later found it was operating a pyramid scheme which focused on bringing in new members rather than selling products. Police were acting on complaints by the company’s business partners who said they had not received their shares of promised profits.
According to the police investigation, UFun made money by persuading people to invest with it through its website and other online channels. It offered five investment positions: one-star (US$500 — 16,000 baht), two-star ($1,000), three-star ($5,000), four-star ($10,000) and five-star ($50,000). After becoming members, the customers would get points for discounts when buying products...
The members were asked to persuade others to join their team by buying UTokens, a virtual currency of its own used to buy the company's products. http://www.bangkokpost.com/news/general/52...ain-behind-bars |
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yokoloco
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Apr 24 2015, 10:00 AM
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QUOTE(terrywong @ Apr 24 2015, 09:57 AM) this kind of remind me YSLM . how is it? Apparently its the same founder |
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yokoloco
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May 11 2015, 01:14 AM
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QUOTE(nexona88 @ May 10 2015, 08:07 PM) New Member * Group: New Member Posts: 2 Joined: Today, 02:20 PM immediately defending UFun.. trolling god level  i didnt realize UFUN still had money to hire online troops |
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yokoloco
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May 13 2015, 08:36 PM
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QUOTE(T231H @ May 13 2015, 08:29 PM) I think he would replies after the court had made the judgement on UFUN or UFUN Store or whatever linked to UFUNs...... I think his lawyers asked him not to speak out for whatever spoken may be brought against him in THIS court here.... now instead of YOU FUN, the big bosses are having fun themselves. I think he should go have some fun outside instead of WE FUN "tekan" him here. but if the court find them not guilty...then kena lah us....    By that time he also no more lawyer since his lawyers don't accept payment in Utokens. |
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yokoloco
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May 16 2015, 11:09 AM
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QUOTE(KeroroQ @ May 16 2015, 10:31 AM) Jib kor's sonFound in this fb, interesting read same news as the one from Sarawak Report This post has been edited by yokoloco: May 16 2015, 11:10 AM |
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yokoloco
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May 16 2015, 10:47 PM
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QUOTE(malleus @ May 16 2015, 09:41 PM) misleading title though. its in reference to Najib's son, and they mistakenly referred to him as 'royalty' which he's not but they sure run the country like they are royalty |
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yokoloco
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May 18 2015, 07:57 PM
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QUOTE(T231H @ May 18 2015, 01:32 PM) so does it means what was posted in their website are NOT real? Haven't seen a single thing they say that is real. |
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